Archive for the Make Me Some Money Ideas Category

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short. I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level. The thing about trading technical signals is that I don't really care about what's happeni

November 7, 2012 1 Comment Full Story

The whirlwind of emotions of holding the Crude Oil Long entry

The whirlwind of emotions of holding the Crude Oil Long entry

I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions. I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed

November 1, 2012 2 Comments Full Story

Pinbar Trading – Crude Oil – 300 Points jump!

Pinbar Trading - Crude Oil - 300 Points jump!

I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart. If you were to trade this you could take the long at the break of the nose of the pinbar..  so far the price has moved a nice 300 points... big moves like this probably mean a pullback at some stage so one would have t

October 9, 2012 No Comments Full Story

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